CONDO JANUARY vancouver west
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
0.6 % DOWN
1.9 % UP
1.0 % DOWN
24 % DOWN
59 % UP
SELLER’S 22 %
Condo listings in Vancouver West increased to 949 in January 2019, 4% above December but 24% lower than in January 2019. Month-over-month, condo sales fell by 19% in January (to 211), while year-over-year sales jumped by 59%. Decreasing to 22%, the sales-to-listings ratio remained in seller’s market territory. January’s condo benchmark price of $775,700 was 2% higher month-over-month but 1.0% below January 2019. The average sold price was $906,793 at an average PSF sales price of $1,046 (down 1.3% and up 1.5%, respectively, month-over-month).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 911 260 29%
% Change
No.
% Change
TOTAL LISTINGS
949 211 22%
4%
1,249
-24% 59% 109% -1.0% -0.6% 1.9%
TOTAL SALES
-19% -22%
133 11%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$775,700 $760,300 $906,793 $918,297
2% $783,400 -1.3% $912,406 1.5% $1,027
$1,046
$1,031
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$783,400 $769,200 $758,500 $752,300 $754,800 $750,400 $775,700
1,804
1,655
1,592
1,548
1,254
1,249
949
353
319
305
302
235
211
133
VANCOUVER WEST REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES TOTAL INVENTORY S L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
10
3+ bdrms
BUYER'S MARKET
162
95
2 bdrms
494
106
<2 bdrms
. . . . 0 0 0 0
293
S-L RATIO SALES INVENTORY
Copyright © 2020 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of February 5, 2020. All data from RealEstateBoardof Greater Vancouver and Fraser Valley & Rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E.
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